Lion One Metals Limited · TSXV:LIO
Lion One Metals — APAC March 2021 Conference
28 slides from Lion One Metals's conference presentation, March 2021
Slide 1: Tuvatu Gold Project, Navilawa Alkaline Gold System, Fiji Islands
Tuvatu Gold Project Navilawa Alkaline Gold System Fiji Islands APAC March 2021 Conference 1
Slide 2: Disclaimer
DISCLAIMER The information provided in this presentation is not intended to be a comprehensive review of all matters and developments Forward-looking statements are subject to a variety of known and concerning the Company and should be read in conjunction with unknown risks, uncertainties and other
Slide 3: Highlights: High Grade Gold Assets in Fiji
HIGHLIGHTS: HIGH GRADE GOLD ASSETS IN FIJI Rare 7km-wide high grade alkaline gold complex with vast structural network mapped at >1.2km depth. Extremely high grade depth extensions of current resource discovered in 2020 within Tuvatu mining lease permit area. Fully permitted for production through t
Slide 4: Leadership and Technical Team Have a Long History of Success
LEADERSHIP AND TECHNICAL TEAM HAVE A LONG HISTORY OF SUCCESS Stephen Mann Managing Director Formerly BHP, Newcrest, Cogema/AREVA, La Mancha, Avocet Resources Kevin Li Walter Berukoff Project Manager - Tuvatu Chief Executive Officer Formerly Fluor, SNC-Lavalin, Saskpower, Founder and CEO of notable g
Slide 5: Investment Profile: $61M Working Capital
INVESTMENT PROFILE: $61M WORKING CAPITAL ISSUED & OUTSTANDING CAPITAL Shares: 155,455,493 Warrants: 11,371,590 Broker units: 1,405,049 Options: 8,211,540 Fully Diluted: 176,443,672 52 Week $0.72-$2.66 Share Price: $1.33 Market Cap: $207 million Market Cap (FD): $235 million Cash: $61 million Debt: N
Slide 6: Dual Expl-Dev Opportunity
DUAL EXPL-DEV OPPORTUNITY NAVILAWA ALKALINE GOLD SYSTEM Greenfield exploration upside TUVATU HIGH GRADE GOLD PROJECT coupled with brownfield development opportunity Lautoka First company to consolidate the Navilawa Gold System Viti Levu, Fiji Tuvatu mining lease (SML62) located at center of 200 km²
Slide 7: Our Focus Is on High Grade Depth Extension
OUR FOCUS IS ON HIGH GRADE DEPTH EXTENSION over 30 geochemical anomalies in excess of 5 g/t Au along 7km strike Current resource at 3.0 g/t cutoff: 299,500 oz. indicated @ 8.46 g/t Au 468,000 oz. inferred @ 9.70 g/t Au 46g/t 20g/t 100g/t 293g/t 101g/t 502g/t Au from rock Au from rock Au from rock Au
Slide 8: Using Science to Realise the Potential of the Navilawa Caldera
USING SCIENCE TO REALISE THE POTENTIAL OF THE NAVILAWA CALDERA BLEG Sampling of catchments highlights prospectivity of entire Navilawa Caldera Catchment Analysis Caldera Rim Potassium radiometrics reveals scale of fluid BLEG (Au ppb) Navilawa V. BLEG site Naisala Creek migration through system in Na
Slide 9: Using Science to Realise the Potential of the Navilawa Caldera
USING SCIENCE TO REALISE THE POTENTIAL OF THE NAVILAWA CALDERA CSAMT / DEEP DRILLING PROGRAM 2020-2021 drilling program targets CSAMT gradients to confirm deep-rooted feeder pathways TUDDH518 N Structural corridors can 0.3m @ 255.5g/t Au host feeder veins and are conduits for high grade mineralizati
Slide 10: High Grade Depth Extensions Deep Rooted Feeder Structures
Ongoing diamond drilling program HIGH GRADE DEPTH EXTENSIONS has extended the known resource DEEP ROOTED FEEDER STRUCTURES to 750m depth and remains open Results include: TUDDH493: URW3 UR2 4.29m @ 33.2 g/t Au TUDDH500: URW1 2.0m @ 46 g/t Au UR5 12.7m @ 55.4 g/t Au Tuvatu – Indicated/ Inferred resou
Slide 11: Alkaline gold systems are known to continue to great depths
Alkaline gold systems are known to continue to great depths TUDDH514: 2.24m @ 13.31 g/t Au from 495.6m incl 0.35m @ 64.40 g/t Au 3.47m @20.71 g/t Au from 703.7m incl 0.23m @294.5 g/t Au 0.35m @ 10.52 g/t Au from 983.15m (photograph to left) (deepest intersection at Tuvatu to date) TUDDH514 TUDDH500
Slide 12: Recent drilling extending mineralization targeted for early mining
Recent drilling extending mineralization targeted for early mining 300m ASL Hole No from to interval grade (m) (m) (m) (g/tAu) TUDDH-176 TUDDH520 90.10 102.55 12.45 21.31 2m @ 6.4g/t Au incl 1.1m @ 7.1 Au 90.1 91.3 1.2 161.85 TUDDH-521 with 90.1 90.45 0.35 544.00 200m ASL 0.13m @ 51.69 g/t Au and in
Slide 13: Distribution of Alkaline Systems in the South Pacific
DISTRIBUTION OF ALKALINE SYSTEMS IN THE SOUTH PACIFIC Porgera, PNG Barrick Lihir Island, PNG Goldcorp Newcrest >20M oz mined >10M oz mined Associated with deep crustal alkaline magmas and expansive structural networks Valued for high grades, large Vatukoula, Fiji endowments, deep vertical profiles Z
Slide 14: World Class Examples of Alkaline Gold Systems in the Region
WORLD CLASS EXAMPLES OF ALKALINE GOLD SYSTEMS IN THE REGION HIGHLIGHTS POTENTIAL YIELD Tier 1 mines in the South Pacific region with geologically similar alkaline complexes can exceed 40M oz, highlighting the potential yield of the Tuvatu project once fully explored. Porgera Lihir Vatukoula Tuvatu P
Slide 15: Roscoelite: Indicator Mineral Diagnostic for Alkaline Systems
ROSCOELITE: INDICATOR MINERAL DIAGNOSTIC FOR ALKALINE SYSTEMS High-grade (~300 g/t) visible gold vein with Roscoelite (Tuvatu, Fiji) High-grade gold bearing vein with Roscoelite (Porgera, PNG) 15 15
Slide 16: Tuvatu: Updated Economic Study
TUVATU: UPDATED ECONOMIC STUDY High grade, low cost, fully permitted production opportunity After-tax economics at US$2000/oz gold price initial five year mine life Cash flow: $309 million on US$66.8 million CAPEX Production: 331,369 oz Au at average of 8.6 g/t Au Operating Cost: US$543/oz AISC: US$
Slide 17: Tuvatu Mining Lease: Ongoing Development
TUVATU MINING LEASE: ONGOING DEVELOPMENT Evaluating Configuration for Pilot Plant and Starter Mine Operation; Bulk Earthworks Substantially Complete While instructive as to the size and scale of project that the Tuvatu resource might support, the 2018 Tuvatu PEA is preliminary in nature, includes in
Slide 18: Refining Our Vision Post-COVID: Key Outcomes from 2021 and Beyond
REFINING OUR VISION POST-COVID: KEY OUTCOMES FROM 2021 AND BEYOND 2H20 1H21 2H21 1H22 2H22 Planning of mining operations Development of mining Consolidation of develop. Preparing for operational and finalisation of: operations: operations: capacity: Commence gold - Process plant route - Acquisition
Slide 19: Lion One Metals Limited
Lion One Metals Limited 306-267 West Esplanade North Vancouver BC V7M 1A5 Canada Investor Relations Tel: 604-998-1250 Fax: 604-998-1253 Toll Free: 1-855-805-1250 email: info @ liononemetals.com www.liononemetals.com 19
Slide 20: Key Developments & Adaptations During COVID-19
KEY DEVELOPMENTS & ADAPTATIONS DURING COVID-19 Remain committed to accelerating exploration and development program to deliver maximum value to shareholders Protected staff and community health through the implementation of Lion One’s CovidSafe guidelines before first documented case of Covid-19 in
Slide 21: 2019-2020 Key Milestones
2019-2020 KEY MILESTONES Lion One’s Development Nadi HQ Assay CSAMT 3D SPL 1512 consolidates Laboratory mapping reveals 3rd drill rig Navilawa-Tuvatu BLEG survey commissioned deep structural mobilized High grade feeder progress tenements confirms scale of networks below Fourth rig on structure inter
Slide 22: Simplified interpretation of Tuvatu lode system
Simplified interpretation of Tuvatu lode system Four main lode orientations (1) Tuvatu and H lodes NW-SE strike, dip steeply to NE (2) SKL lodes 20 to 40° dip to E-SE (3) UR, GRF and URW lodes N-S strike, steep dip to E, UR4-8 splay to NW strike (4) Murau lodes E-W strike, steep dip to south 22 Sour
Slide 23: Drilling lode extensions to the south and at depth
Drilling lode extensions to the south and at depth TUDDH518: UR2 lode: 0.25m @ 255.50g/t Au from 190.70m TUDDH517: drill hole in progress mineralized structures between 539.7 – 541.0m (yet to be sampled) Target depth to high grade feeder zone 700m 23 23
Slide 24: Regional mapping and sampling has identified numerous additional structures
Regional mapping and sampling has identified numerous additional structures for follow up in 2021 UR5 lode outcrop – surface outcrop averaging 6 g/t Au in the southern part of Tuvatu Navilawa tenement – possible UR5 lode extension 3km to the north of Tuvatu Navilawa tenement – one of many benches wi
Slide 25: TUDDH500: 0.30m @ 1400 g/t Au from 582.80m
(1) (2) (3) (l, 2) TUDDH500: 0.30m @ 1400 g/t Au from 582.80m (3) TUDDH500w1: 0.30m @ 305 g/t Au from 592.40m 25 25
Slide 26: Murau 2 lode: Drill hole TUDDH493
Murau 2 lode: Drill hole TUDDH493 0.35m @ 105g/t Au from 177.25m (with visible gold specs) Visible gold Intersections in TUDDH493 TUDDH493 3.83m @ 10.21g/t Au from 322.17m 4.29m @ 33.22 g/t Au from 422.50m 26 26
Slide 27: Lion One's state of the art laboratory
Lion One’s state of the art laboratory with FA, ICP, water testing and metallurgical facilities Processed over 17,000 samples for >140,000 analyses to date 27 Planning underway for international certification
Slide 28: Lion One Drilling Division
LION ONE DRILLING DIVISION Currently four diamond drill rigs on site Two deep capacity underground diamond drill rigs in transit to Fiji Company is able to undertake cost effecting exploration when required All drilling crew are Lion One employees 28